Rakuten Group Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5,042,266	5,837,566	6,170,888	5,127,674	4,694,360	4,410,301
Short-Term Investments	-	491,145	288,973	182,207	161,071	281,179
Cash & Short-Term Investments	5,042,266	6,328,711	6,459,861	5,309,881	4,855,431	4,691,480
Cash Growth	2.52%	-2.03%	21.66%	9.36%	3.50%	42.32%
Receivables	9,743,942	4,106,233	3,918,756	3,397,253	3,140,230	2,696,269
Other Current Assets	307,596	15,361,242	13,023,809	10,721,803	9,338,790	7,009,548
Total Current Assets	15,093,804	25,796,186	23,402,426	19,428,937	17,334,451	14,397,297
Property, Plant & Equipment	1,074,951	1,068,509	1,184,182	1,267,837	1,262,115	975,362
Long-Term Investments	3,577,191	788,592	728,113	689,824	584,410	374,465
Goodwill	-	647,213	647,454	594,472	559,003	477,770
Other Intangible Assets	1,111,378	431,988	435,911	429,729	415,369	381,227
Long-Term Deferred Tax Assets	72,415	71,912	116,642	214,777	281,950	225,100
Total Assets	29,314,001	28,804,400	26,514,728	22,625,576	20,437,298	16,831,221
Accounts Payable	505,421	553,582	519,149	419,880	450,562	392,455
Short-Term Debt	-	5,569,622	5,461,713	4,795,173	4,912,750	3,402,912
Current Income Taxes Payable	42,403	43,687	55,837	30,144	18,139	13,499
Other Current Liabilities	79,794	20,397,964	18,489,817	15,643,167	13,576,591	11,321,559
Total Current Liabilities	627,618	26,564,855	24,526,516	20,888,364	18,958,042	15,130,425
Pension & Post-Retirement Benefits	49,031	48,958	47,345	41,049	34,743	29,752
Long-Term Deferred Tax Liabilities	95,008	79,765	20,302	3,602	4,709	2,488
Other Long-Term Liabilities	21,611,418	756,590	682,051	604,838	568,714	551,266
Total Liabilities	28,037,372	27,450,168	25,276,214	21,537,853	19,566,208	15,713,931
Common Stock	461,066	459,508	452,647	446,769	294,061	289,674
Additional Paid-In Capital	624,927	658,458	649,389	541,520	353,786	311,970
Retained Earnings	-1,055,630	-1,036,141	-824,700	-643,991	-253,961	142,671
Treasury Stock	-5	-5	-4	-	-	-
Comprehensive Income & Other	870,777	910,582	650,536	492,274	419,844	349,404
Total Common Equity	901,135	992,402	927,868	836,572	813,730	1,093,719
Minority Interest	375,494	361,830	310,646	251,151	57,360	23,571
Shareholders' Equity	1,276,629	1,354,232	1,238,514	1,087,723	871,090	1,117,290
Total Liabilities & Equity	29,314,001	28,804,400	26,514,728	22,625,576	20,437,298	16,831,221
Total Debt	5,654,297	5,569,622	5,461,713	4,795,173	4,912,750	3,402,912
Net Cash (Debt)	-612,031	759,089	998,148	514,708	-57,319	1,288,568
Net Cash Growth	-	-23.95%	93.92%	-	-	59.26%
Net Cash Per Share	-282.43	350.93	464.60	268.78	-36.12	843.62
Filing Date Shares Outstanding	2,174	2,172	2,156	2,143	1,591	1,583
Total Common Shares Outstanding	2,174	2,170	2,154	2,142	1,590	1,582
Working Capital	14,466,186	-768,669	-1,124,090	-1,459,427	-1,623,591	-733,128
Book Value Per Share	414.56	457.34	430.67	390.53	511.63	691.47
Tangible Book Value	-210,243	-86,799	-155,497	-187,629	-160,642	234,722
Tangible Book Value Per Share	-96.72	-40.00	-72.17	-87.59	-101.00	148.40
Order Backlog	-	42,980	77,891	114,214	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.